MUMBAI, INDIA: Almost 11 months after HP CEO Meg Whitman took the tough call, and decided to split the company, HP has formally announced the names of the board members.
The new Hewlett Packard Enterprise Board:
Pat Russo: Independent Director, HP, is the Chair of the Hewlett Packard Enterprise Board. He was CEO, Alcatel-Lucent, as well as Chairman, President and CEO, Lucent Technologies
Marc Andreessen: Silicon Valley venture capitalist Marc;
Dan Ammann, President, General Motors;
Michael Angelakis of Comcast;
Leslie Brun, CEO of Sarr Group;
Pamela Carter, Former president, Cummins Distribution;
Klaus Kleinfeld, CEO, Alcoa;
Raymond Lane, Former Partner, Kleiner Perkins Caufield & Byers;
Ann Livermore: former HP executive;
Raymond Ozzie, CEO, Talko;
Gary Reiner, Operating Partner, General Atlantic; and
Lip-Bu Tan, Chairman, Walden International and CEO, Cadence Design Systems.
The HP Inc Board:
Shumeet Banerji, Founder, Condorcet and former CEO of Booz & Co;
Carl Bass, President and CEO of Autodesk;
Robert Bennett, Managing Director, Hilltop Investments and former CEO of Liberty Media;
Chip Bergh, CEO of Levi Strauss;
Stacy Brown-Philpot, COO, TaskRabbit;
Stephanie Burns, former CEO, Dow Corning;
Mary Anne Citrino, Senior Advisor, Blackstone;
Rajiv Gupta, former Chairman and CEO, Rohm and Haas;
Stacey Mobley, former CAO, DuPont;
Subra Suresh, President of Carnegie Mellon University; and
Dion Weisler, currently Executive Vice President, HP.
Whitman will serve on both boards. Current board member James Skinner resigned due to the increased workload in his leadership of Walgreens Boots Alliance, the company said.
A brief history:
HP CEO Meg Whitman had announced a split somewhere September last year, and had said that she would continue to run both Hewlett Packard Enterprise as well as HP Inc till both companies got their own board.
She said that the split was a part of the company’s restructuring strategy.
Later in a press release HP said the split will give both companies the focus, financial resources and flexibility to adapt more quickly to the market, while also raising the stock value for shareholders.
Who got what?
In the split, HP Enterprise got HP's traditional IT services and enterprise cloud computing; whereas HP Inc included HP's PC, printing and 3D printing operations.
According to sources, HP has made some tough choices bearing in mind not only the cost structures, but also customer experience and market demand.